Does Prodigy Use Stop Loss or Recovery?

Does Prodigy Use Stop Loss or Recovery?

Prodigy Automation uses a stop loss for every trade, ensuring proper risk management and protecting your account from significant losses. It follows a strict risk-to-reward ratio, typically set to 1:2 by default, meaning potential profits are twice the size of the potential loss.

Why Stop Loss Is Important

• The stop loss ensures that losses are controlled and do not exceed your chosen risk percentage (e.g., 1%, 2%, or 3% per trade).
• This approach is crucial for long-term success, as it prevents overexposure and helps maintain account growth despite occasional losing streaks.

No Recovery Strategies

Prodigy does not use risky recovery trading techniques like martingale or doubling down after a loss. Instead, it focuses on consistent, well-calculated trades that align with the set risk-to-reward ratio. This ensures your trading remains sustainable and avoids the dangers of large drawdowns.

In short, Prodigy prioritizes safety and consistency by relying on stop losses rather than recovery methods, helping your account grow steadily over time.